Nov 3, 2003
Peter Karmanos Jr., CEO and president of Compuware, announced he was cutting his wages by 69% for next year. Then he announced that Compuware would cut employees salaries and require them to share health premium costs.
Karmanos, like executives of all major corporations, have made millions of dollars; between his salary, his stocks, his bonuses. They all have special arrangements that include the best health care and pensions.
So what if Karmanos volunteers to cut a tiny portion of an overinflated salary TEMPORARILY? The rest of the regular folks have to give back wages PERMANENTLY for health care and the like!
It's a shameful hypocrisy!